VAT exemption reason text

A textual statement of the reason why the line amount is exempted from VAT or why no VAT is being charged

About

ID

IBT-185

Cardinality

0..1

Section

Aligned

Name

VAT exemption reason text

Syntax binding

ubl:CreditNote / cac:CreditNoteLine / cac:Item / cac:ClassifiedTaxCategory / cbc:TaxExemptionReason

Rules

IBR-SR-32: VAT exemption reason text (ibt-120) MUST occur maximum once.
IBR-SR-38: Invoiced item tax exemption reason text (ibt-185) MUST occur maximum once